ZetaChain: Pioneering a New Era of Cross-Chain Interoperability

In the wave of development in the blockchain industry, various public chains continue to emerge, but many also fall into difficulties due to insufficient liquidity. Some public chains rely on cross-chain bridges to introduce assets, and when security issues arise with these bridges, the entire ecosystem often suffers severe blows, which serves as a wake-up call for the industry.

Against this backdrop, ZetaChain has emerged. As a forward-looking full-chain ( Omnichain ) interoperability platform, ZetaChain is committed to addressing the fragmentation and limitations within the existing blockchain ecosystem. By seamlessly connecting assets and data across different blockchain networks, ZetaChain opens up new possibilities for the development and operation of decentralized applications ( DApps ).

The core team of ZetaChain brings together senior experts from leading companies in the blockchain industry. These team members transform their rich experience in the Web3 field and deep insights into market demands into the core technology and strategic direction of ZetaChain. Their shared vision is to create a blockchain that can serve as a passport to the Web3 world, thereby simplifying and accelerating the development of decentralized applications and enhancing user experience.

In the development of blockchain, interoperability has always been a core issue. ZetaChain not only provides innovative solutions technically but also sets new standards in implementation. Through its unique multiparty computation system and threshold signature scheme, ZetaChain achieves interoperability with traditional non-smart contract chains like Bitcoin and Dogecoin.

ZetaChain is committed to becoming a true full-chain interoperability and asset transfer platform by providing full-chain accounts. Below is an in-depth interview with the ZetaChain team, revealing how this project is bringing transformation to the decentralized ecosystem in the Web3 era.

Technical Innovations of ZetaChain

ZetaChain adopts a multi-party computation system, where each signature validator holds a part of the private key. On each connected chain, there is an account derived from this private key. Using the threshold signature scheme (TSS), validators can sign transactions from this TSS account. Since the TSS account is a regular external account, it does not need to execute smart contract logic on the connected chains, which allows interoperability even for chains like Bitcoin that do not support smart contracts.

Tokens transferred to the TSS address on the connected chain will become ZRC-20 wrapped tokens on ZetaChain. Withdrawing ZRC-20 from ZetaChain to the connected chain will trigger a token transfer from the TSS address to the recipient.

Advantages of Omnichain Technology

Omnichain contracts allow DApp developers to create DApps that can accept inputs from any connected chain and trigger outputs to any connected chain. The advantage of Omnichain over cross-chain messaging is that it is architecturally simpler, as there is no need to deploy and manage a large number of contracts across different chains. Omnichain also makes it possible to provide interoperability on non-smart contract chains, effectively offering Bitcoin users a way to build Omnichain smart contracts.

ZetaEVM Module

ZetaChain uses the Ethermint Cosmos SDK module, providing full EVM compatibility. In terms of single-chain performance and security, ZetaChain is comparable to other Cosmos blockchains using the same EVM module. To achieve Omnichain functionality, the ZetaChain team developed custom Cosmos SDK modules, EVM contracts, and an off-chain observer called zetaclient, which collectively enhance the Omnichain capabilities of conventional EVM contracts.

Multi-chain functionality without the need for cross-chain bridges

ZetaChain does not rely on third-party cross-chain bridges, as its own mechanism provides the functionality for cross-chain messaging and token transfers. ZetaChain focuses on moving native non-wrapped assets between different chains, allowing users to directly obtain native tokens on the target chain. This approach enhances security, as once the cross-chain process is completed, users no longer depend on ZetaChain to return assets to the original chain.

Technical Foundation

ZetaChain is built on the Cosmos SDK and Comet BFT consensus engine. This technology choice provides instant transaction finality, high throughput, and reliability. The modular nature of the Cosmos SDK allows ZetaChain to develop modules that implement cross-chain messaging and support for omnichain contracts with fungible tokens.

Ecological Development Strategy

ZetaChain actively builds relationships with developers by participating in various events, organizing hackathons, and publishing development documentation. They have also established an ecosystem grant program to support promising developers in making Omnichain-related innovations on ZetaChain.

In the future ecological planning, ZetaChain initially focuses on DeFi projects, as there is a strong demand from users and developers in this field. Despite currently being in a bear market environment, the DeFi sector continues to maintain a strong momentum of development. At the same time, ZetaChain is also collaborating extensively with developers and DApps in areas such as gaming, NFTs, social finance, and payments.

Asian Market Strategy

ZetaChain recognizes Asia as the core region of Web3. They collaborate with local ambassadors and communities, regularly participating in key events to ensure close connection with the needs of developers and local communities.

ZetaChain's innovation brings new solutions for blockchain interoperability, promising to play an important role in the future Web3 ecosystem. As the mainnet launch approaches, we will be watching closely to see how ZetaChain further promotes the free flow of on-chain assets and the development of decentralized applications.